After many months of negotiations, Nashville’s mayor John Cooper has struck a deal with the Tennessee Titans to construct a brand-new domed stadium.
Cooper noted that an official announcement, including the financial details of the stadium, will be public as early as Monday, Oct 24, 2022.
AXIOS Nashville reported, “The new stadium would tether the Titans to Nashville and position the city to host the Super Bowl, College Football Playoff games and major concert tours during the winter months. None of those tourism draws are possible at Nissan Stadium.”
According to the capital improvement budget that the city approved earlier this year, the stadium is estimated to cost upwards of $2.2 billion. The Titans are also said to be contributing around $800 million of their private resources to the deal.
If the Metro Council approves the deal, the stadium will be built east of the Nissan Stadium near I-24 and serve as the anchor of the recently approved East Bank redevelopment plan.
The stadium will be the largest building project in the history of Nashville.
“The council is also waiting on a consultant’s report, which will examine the financial liability of the existing Nissan Stadium lease,” AXIOS Nashville reported.
Nissan Stadium was built back in the 1990s, originally called the Adelphia Coliseum, and saw its first NFL game there in 1999. It has also been known as the Coliseum and LP Field.